Global Polyhydroxyalkanoate (PHA) Market Report, History and Forecast 2017-2028

Global Polyhydroxyalkanoate (PHA) Market Report, History and Forecast 2017-2028

As a bio-based degradable polymer, PHA is a very promising material for development and application, but its development is restricted by its narrow processing range, poor thermal stability, and high cost. Through biological modification, blending physical modification and chemical modification methods such as grafting and block, it can not only ensure its original biodegradability, but also improve its processability, physical properties and thermal stability. and other performance. By selecting appropriate modification methods, materials with excellent properties can be obtained, and their application scope can be expanded. Modified materials can be used in fields such as packaging and plastic products.

As mentioned in the report, we are currently witnessing significant activity in the development and commercialization of PHA. While most commercial activities have focused on scl-PHA as bulk polymers such as P(3HB), P(3HB-co-3HV), P(3HB-co-4HB) and P(3HB-co-3HHx) and in on P(4HB) and the highly amorphous mcl-PHA copolyester, most of these biopolymers are only processed into single-use products. The coming years will provide a clearer picture of which concepts in PHA marketing are really fit for the future, whether in terms of market demand, customer acceptance, sustainability, or economic viability. It is clear, however, that the long-term success of commercial PHAs needs to be built on a few well-defined solid foundations: robust and robust microbial production strains, optimized and simple culture facilities, abundant renewable feedstocks, and sustainable and inexpensive downstream processing technologies, pointing to its ease of production and acceptable price point, which would allow it to proliferate to serve a variety of markets

In any event, given the currently established state of biotechnological PHA manufacturing and the in-depth understanding of the metabolic background of PHA biosynthesis, we can expect that the current wave of PHA commercialization has indeed begun. This is in stark contrast to the first commercialization efforts of PHA decades ago: at that time, we witnessed some short-term efforts and successes in biopolymer production during a crude oil shortage and skyrocketing prices of fossil resources, but the increasing demand for renewable energy. Interest dropped rapidly once the price of fossil resources fell again, sourcing polymers, chemicals and solvents. Now, the time is ripe for these biopolymers to continue entering the market. Over the next few years, it will be of greatest interest to focus on which type of PHA biopolymer, industrialization concepts, production strains, raw material sources, cultivation modes and applications (disposable or durable) will dominate in the long term.

Market Analysis and Insights: Global Polyhydroxyalkanoate (PHA) Market

Due to the COVID-19 pandemic, the global Polyhydroxyalkanoate (PHA) market size is estimated to be worth US$ 100.31 million in 2021 and is forecast to a readjusted size of US$ 488.87 million by 2028 with a CAGR of 26.14% during the review period.

The global main manufacturers of Polyhydroxyalkanoate (PHA) include Danimer Scientific, Kaneka,RWDC Industries, Biomer, Shenzhen Ecomann Technology, Tian'an Biopolymer, CJ heilJedang, Nafigate Corporation, Newlight Technologies, PHB Industrial S.A., Mango Materials, etc. In 2021, the global five largest players have a share approximately 79.74% in terms of revenue.

The North America Polyhydroxyalkanoate (PHA) market is estimated at US$ 21.59 million in 2021, while China is forecast to reach US$ 29.08 million by 2028. The proportion of the China is 6.27% in 2021 and it is predicted that the share will reach 5.95% in 2028, trailing a CAGR of 30.23 % through the analysis period. As for the Europe Polyhydroxyalkanoate (PHA) landscape, Germany is projected to reach US$ 86.77 million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is 27.3 % and 27.45 % respectively for the next 6-year period.

PHB accounting for 16.46% of the Polyhydroxyalkanoate (PHA) global market in 2021, is projected to value US$18.66 million by 2028, growing at a revised 3.06% CAGR in the post-COVID-19 period. While Packaging segment is altered to an 27.19% CAGR throughout this forecast period and will hold a share about 33.67 in 2028.

Global Polyhydroxyalkanoate (PHA) Scope and Market Size

The global Polyhydroxyalkanoate (PHA) market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Polyhydroxyalkanoate (PHA) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2017-2028.

By Company

Danimer Scientific

Kaneka

RWDC Industries

Biomer

Shenzhen Ecomann Technology

Tian'an Biopolymer

CJ heilJedang

Nafigate Corporation

Newlight Technologies

PHB Industrial S.A.

Mango Materials

Segment by Type

PHB

PHBV

P34HB

PHBHHx

Segment by Application

Packaging

Biomedical Implant

Agricultural

Food Services

Others

By Region

North America

U.S.

Canada

Asia-Pacific

China

Japan

South Korea

Australia

Singapore

Indonesia

Europe

Germany

France

U.K.

Italy

Czech

Belgium

Switzerland

Latin America

Chile

Brazil